As
baseball enthusiasts flocked to Nationals Park in
Washington D.C for the opening day of the Major League Baseball (MLB) season, the appearance of Terra — the crypto ecosystem that collapsed in May 2022 — didn’t go unnoticed by attendees. A
Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March 30 shared an image of Terra prominently displayed on a banner with the slogan, “a decentralized
economy needs decentralized money.” “Sounds like a solid company. Will check out,” the user commented on the prominent placement of Terra at the stadium. Sounds like a solid company. Will check out. pic.twitter.com/o3i9q2SnGA Another Twitter user said the Terra Club — a VIP pre-game venue experience — is behind the home plate at Nationals Park, and “a big sign in left center” promoting Terra. The partnership between Terra and The Washington Nationals’ came into effect in February 2022, just months before Terra’s collapse. The Terra community committed $38.2 million in TerraUSD (UST) over five years to secure the deal. Related: ‘ Wild’ — SEC going after Terra sparks responses from crypto lawyers Terra’s founder, Do Kwon, proposed the partnership through the community’s governance platform. Kwon is currently in
police custody in Montenegro, and will reportedly face harsh conditions in the penal system, according to an unnamed criminal defense lawyer, in a March 29 Protos report. It was reported that the conditions at Montenegro’s jails and prisons “haven’t changed” from those described in a 2020
Human Rights report by the
United States State Department. The report cited a 2015 case in which
prison officers were convicted of torturing and “inflicting grievous bodily harm” on 11 inmates. Cointelegraph reached out to the Washington Nationals for comment but did not receive a response by the time time of publication. Magazine : Unstablecoins: Depegging, bank runs and other risks loom